The British Embassy in Libya announced that the United Kingdom welcomes the the initiation of an international financial review and audit of the Central Bank of Libya (CBL).

According to the embassy, the UK considers that this process represents an essential step towards achieving transparency in the Libyan financial world, paving the way for a reconciliation with the CBL.

This comes after the Acting Head of the United Nations Support Mission in Libya (UNSMIL), Stephanie Williams, announced on Monday, the execution of all necessary measures to begin the international financial audit of the CBL.